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El Salvador has begun preparations for the launch of one of the first artificial intelligence labs in Latin America, powered by Nvidia chips. The nation aims to develop its own AI, referred to as “sovereign AI,” to create national AI systems for social and economic purposes. El Salvador Launches National AI Lab Initiative El Salvador … Read more
The developer says he has now been released but was allegedly detained and faced up to eight years in prison after his Salvadoran neighbor accused him of calling her “stupid” during a dispute over a piece of land. Bitcoin Core Contributor Arrested After Dispute With Neighbor Thanks to a bizarre quirk in a Salvadoran law … Read more
Numbers from the Central Bank of El Salvador indicate that crypto remittances sent to El Salvador fell by 45% compared to the first four months of 2024. Crypto flows sent from abroad accounted for less than 1% of all funds sent by foreigners to family and friends. Crypto Remittances Keep Failing to Reach Widespread Adoption … Read more
The IMF reached a staff-level consensus on El Salvador’s performance in meeting the conditions required to receive a new disbursement. Regarding bitcoin, efforts will be made to ensure that the total amount of the cryptocurrency owned remains unchanged. El Salvador Overcomes IMF Review With a ‘Strong Performance’ The International Monetary Fund (IMF) has approved the … Read more
Two weeks prior, North Korea’s cybercriminal network Lazarus Group maintained a stash of 7,813 BTC—then worth $856 million. Since that point, the group has liquidated approximately 1,938 BTC, shedding more than $212 million in value. As a result of this reduction, El Salvador now outranks Pyongyang, claiming the title of the fourth-largest sovereign bitcoin holder. … Read more
El Salvador, the first country to introduce bitcoin as legal tender, has experienced significant success with its cryptocurrency experiment. President Nayib Bukele, a bitcoin enthusiast, has disclosed the revenue that the country has achieved with its “one bitcoin a day” reserve strategy. On social media, Bukele posted an image showing that El Salvador has $357 … Read more
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and crypto news from the past week. This edition explores how President Nayib Bukele has continued to purchase bitcoin, complying with the IMF policies of non-bitcoin accumulation established in their credit facility deal. Latam Insights Encore: Bukele Outsmarted The IMF While … Read more
Welcome to Latam Insights, a compilation of the most relevant crypto and economic news from Latin America over the past week. In this week’s edition, Oranje rises as Latam’s Strategy’s copycat, El Salvador will continue to buy bitcoin despite the IMF’s deal, and Brazil cracks down on a $290 million crypto scheme remains. Latam’s Strategy … Read more
El Salvador is rapidly cementing its status as a global innovation powerhouse, fusing elite bitcoin education with cutting-edge AI training to supercharge national transformation and global influence. Bitcoin Advocate Applauds El Salvador’s Bold Tech Vision: High Standards, Big Impact El Salvador’s uncompromising commitment to high standards in technology education and bitcoin policy has earned renewed … Read more
El Salvador is quietly defying the IMF, accelerating daily bitcoin buys and reinforcing its bold crypto strategy on the global stage. El Salvador Keeps Buying Bitcoin Daily Despite IMF Loan Conditions El Salvador’s commitment to bitcoin remains steadfast despite pledges made to the International Monetary Fund (IMF) to curb crypto purchases. Speaking during an interview … Read more
